Urea price history, 1960 to 2026

Urea, FOB Middle East averaged $390/t in August 2026, -23% over twelve months and +109% over ten years. The nominal all-time high was $925/t in April 2022; in 2024 dollars the real peak was $1,916/t in January 1974. Monthly averages, World Bank Pink Sheet.

Urea, FOB Middle East

Derived price statistics per series
Series	Latest	1 month	12 months	5 years	10 years	20 years	All-time high (nominal)	All-time high (real, 2024 US$)
Urea, FOB Middle East $/t, since 1960	390 August 2026	-3%	-23%	-13%	+109%	+85%	925 April 2022	1,916 January 1974

Percentage changes compare the latest monthly average with the monthly average 1, 12, 60, 120 and 240 months earlier. Real prices deflate by the US consumer price index (BLS via FRED) to 2024 dollars.

Source: World Bank Pink Sheet, 2026-09-02, fetched 6 September 2026 (CC BY 4.0).

Prices are monthly benchmark averages that may lag the market; informational only, not investment, legal or trade advice. For what these benchmarks mean and how they are set, see how urea is priced.

Monthly urea prices by decade

Choose a decade. Values are monthly averages in the unit shown; blank cells mean no quote was published.

Urea, FOB Middle East ($/t)

Urea, FOB Middle East monthly prices, 1960s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1960	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3
1961	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3
1962	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3
1963	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3	42.3
1964	60.5	60.5	60.5	60.5	60.5	60.5	60.5	60.5	60.5	60.5	60.5	60.5	60.5
1965	65.8	65.8	65.8	65.8	65.8	65.8	65.8	65.8	65.8	65.8	65.8	65.8	65.8
1966	59.3	59.3	59.3	59.3	59.3	59.3	59.3	59.3	59.3	59.3	59.3	59.3	59.3
1967	49.3	49.3	49.3	49.3	49.3	49.3	49.3	49.3	49.3	49.3	49.3	49.3	49.3
1968	35.5	35.5	35.5	35.5	35.5	35.5	35.5	35.5	35.5	35.5	35.5	35.5	35.5
1969	26.6	26.6	26.6	26.6	26.6	26.6	26.6	26.6	26.6	26.6	26.6	26.6	26.6

Urea, FOB Middle East monthly prices, 1970s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1970	18.3	18.3	18.3	18.3	18.3	18.3	18.3	18.3	18.3	18.3	18.3	18.3	18.3
1971	16	16	16	16	16	16	16	16	16	16	16	16	16
1972	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3	29.3
1973	64.8	64.8	64.8	64.8	64.8	64.8	64.8	64.8	64.8	64.8	64.8	64.8	64.8
1974	285.8	285.8	285.8	285.8	285.8	285.8	285.8	285.8	285.8	285.8	285.8	285.8	285.8
1975	168	168	168	168	168	168	168	168	168	168	168	168	168
1976	82	82	82	82	82	82	82	82	82	82	82	82	82
1977	115	100.5	100.5	109.5	116.1	120	123.1	129.6	132.5	131	137	134.3	120.8
1978	133	134.8	134.5	134	130.8	132.5	142	142.5	134.6	132	140.8	141	136
1979	143	143	131.9	135	141.8	148.5	155.4	160	163.8	167.5	170	176.3	153

Urea, FOB Middle East monthly prices, 1980s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1980	187.5	187.5	187.5	196.3	205	205	205	205	207	207	207	207	200.6
1981	207	242.5	242.5	135	215	215	180	160	160	160	136.5	136.5	182.5
1982	112.5	130	130	122.5	122.5	122.5	122.5	125	125	127.5	127.5	120	124
1983	124.5	124.5	120	109	101.5	120	109	110.5	110.5	114	115.5	115.5	114.5
1984	116.5	118	141	127.5	147.5	155	162.5	165	165	172	166	166	150.2
1985	168.5	168.5	105	107.5	127.5	112.5	109.5	97.5	87.5	80.5	87.5	87.5	111.6
1986	82.5	77	77	72.5	72.5	72.5	67.5	71	65	62.5	64.5	64.5	70.75
1987	64	68	70.5	77.5	87.5	87.5	87.5	85	85	92.5	92.5	92.5	82.5
1988	92.5	97.5	105	97.5	110	110	110	130	130	130	130	120	113.5
1989	120	120	120	113.5	113.5	113.5	113.5	82.5	82.5	72.5	86	98	103

Urea, FOB Middle East monthly prices, 1990s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
1990	104.5	106.3	111	111	107	107	107	114.9	90.6	136.5	144.5	147.5	115.6
1991	151	151	145	143.5	138.5	135.5	132.5	132.5	132.5	132.5	134.4	131.9	138.4
1992	122.5	120.6	120	120	120	120	120	120	120	116.9	107.5	103.8	117.6
1993	102.5	102.5	86.2	81	81	81	81	81	81	81	82.8	85.5	85.54
1994	85.5	85.5	98.6	103.5	103.5	103.5	106.5	88	88	88	88	88	93.88
1995	159.6	177.5	191.3	205	159	90	90	90	90	90	90	90	126.9
1996	90	90	90	160.4	169.5	172.1	184.5	187	181.4	172.3	172.6	174.5	153.7
1997	173.5	160.4	148	135	113.1	108.5	112.5	102.5	88.3	87.5	90.6	90	117.5
1998	86.3	77.5	84.5	100	95	88.4	86	85.5	83.6	75.6	70.7	65.5	83.22
1999	64.5	64	75.5	64.5	64.9	63.8	62.8	65.7	67.5	65.4	66	66.8	65.95

Urea, FOB Middle East monthly prices, 2000s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2000	77.4	90.1	88.8	83.3	91	105.1	121.7	133.4	113.9	111.1	99.4	96	100.9
2001	121	105.3	98.9	95.3	85	87.5	87.5	88.8	94.5	96.1	96.5	101.2	96.47
2002	104.1	99.6	90.3	84.7	85.5	92.8	94.2	105	93	92.3	92.3	99.4	94.43
2003	112	132.1	138.9	118.6	128.1	133.9	142.8	141.5	146.8	150.6	153.5	159.4	138.2
2004	160.3	134.5	130.5	128.4	135.9	158.3	185	196.2	218.1	242.1	224.5	185.3	174.9
2005	184.6	185.8	217.1	242.1	256	217.5	221.9	208.5	210.4	215.5	235	213.9	217.4
2006	202.3	213.9	243.1	247.5	229.5	210	205.5	210.5	215.1	209.2	227.4	251.7	222.1
2007	265	299.4	318.1	291	293.1	291.9	269.5	260.6	305	323.8	366.3	401.7	307.1
2008	376.6	328.1	371	462.5	633.8	642	733.8	785	744.5	575	287.5	240	515
2009	273.8	281.3	268.5	245.6	236.3	239.7	243.8	251.5	232.3	234.9	243.5	262	251.1

Urea, FOB Middle East monthly prices, 2010s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2010	266.5	297.5	278.7	253.8	234	226.3	259.4	263.5	308.8	332.5	365.4	380.6	288.9
2011	378.5	297.5	278.7	253.8	234	478.8	483.8	475.5	508.8	493.5	481.3	423.1	398.9
2012	368	375	393.1	494.4	513.1	456.9	307.5	382.5	384.4	349	383.5	375.8	398.6
2013	380	415.6	395.6	365.6	358.1	329.4	312.5	310.6	301	296.9	305	305	339.6
2014	330	353.1	327.5	260	265	288.8	305	311.3	317.5	317.5	317.5	308.1	308.4
2015	305	305	295.5	260	265	288.8	283.8	274.6	279.4	250.6	263.6	264	277.9
2016	233.9	191.9	201.8	196.3	198.4	142.6	181	186.3	187.3	187.5	205	217.8	194.2
2017	233.8	191.9	223.5	207.9	178.8	191	181	192.6	219	252.5	280	214.6	213.9
2018	219.6	232.5	232.5	230.6	221.9	224	252.5	260	267.5	270	305.6	276.7	249.5
2019	260	250.6	247.5	247.5	247.5	247.5	263.5	262.5	237.8	237	224.5	217.5	245.3

Urea, FOB Middle East monthly prices, 2020s, $/t
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Average
2020	215.4	214.4	231.1	235	201.9	202	214.4	249.5	250.5	245	245	245	229.1
2021	265	335	352.9	328.1	331.6	393.3	441.5	446.9	418.8	695	900.5	890	483.2
2022	846.4	744.2	872.5	925	707.5	690	601	591.3	678	636.3	588.8	519.4	700
2023	443.8	357.5	313.5	313.4	329.3	287.5	334.6	385.6	380	411.4	385.5	354	358
2024	335.4	351.3	330	320	284.8	336.3	342.5	342.5	337.5	374.8	352.3	352	338.3
2025	380.5	436.5	394.5	386.9	392	420.5	496	507.7	461.1	394.4	409.3	392.5	422.7
2026	415.4	472	725.6	856.9	770.5	453.1	400	390					560.4

Method

Nominal prices are the source's monthly averages in US dollars, stored in the source's unit and never mixed on one chart. Real prices divide each month by the US consumer price index for all urban consumers (BLS series CPIAUCSL, via FRED) and multiply by the 2024 average, so they read as "2024 dollars". Changes are ratios of monthly averages. The all-time high is the highest monthly average, not an intraday peak.

Downloads

All series and statistics as JSON
Monthly prices as CSV (Urea, FOB Middle East)

Cite as: Commodity Origins, "Urea price history (1960–2026)", https://commodityorigins.com/prices/urea/, data 2026-09-02. Data updated 6 September 2026.